Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 16, 2001, Winnipeg, Manitoba Winnipeg free press March 2001 business b5 editor Julian Rachey 6977235 Dollar Falls to Low by James Dalziel Toronto the bleeding on North american Stock markets slowed but the Cana Dian Dollar faded to a tworan Dahal year the loonie closed at cents Down from wednesdays close after losing More than half a cent the Day As traders flocked to the Greenback As a Safe Canadas currency last hit lower than its current level on when it Sank to cents since the end of it has Given up cents the Stock seemed to stabilize after three Days of Stock markets May get wild ride today volatile but investors traded cautiously amid uncertainty about corporate profits and the and global the Toronto Stock Exchange 300 composite Index Rose just Points to after losing 152 Points on wednesday and 205 on Canadas key Market measure remains 31 per cent off its record High of reached last and Down per cent Over the past 12 on Wall the Dow advanced to after rising More than 100 Points earlier in the the Dow fell below on wednesday for the first time in five months after a 317 Point the Nash a composite Index slipped to following a big hit Mon Day that put it below the level for the first time in More than 27 the Standard poors 500 Index gained to finish at the Wester based Canadian venture Exchange was up Points at with a triple witching Day on the markets get ready for some wild said Fred chief of Equi ties trading at Scotia capital in futures and options on futures Are expiring on the same so there can be significant one Way or at the opening and at the he dont be a 43year Market said Hes watched a lot people All of a sudden get Glass eyed Over the cur rent while he thinks the Market has a Little further to fall before head ing Back Hes advising life will go give it six months or a year and Well Why did we get so excited Back there in March of 2001 on the Toronto eight of 14 pollution growing As Trade increases truck traffic takes toll on environment by Murray Mcneil increased Trade Between the United states and Mexico is taking a toll on the a Winnipeg workshop was told about 100 delegates attending the on Day gathering were told a recent study by the North american free Trade agreements environmental watchdog the North american com Mission for environmental cooperation found the surge in rail and truck traffic along five of North americas major Trade routes has substantially increased air pollution Levels along those the study also predicts Trad related Carbon monoxide emissions along the routes will get to four times worse Over the next 20 years As Trade vol Umes increase by roughly the same one of the five Trade corridors exam ined in the Ancec study was the 364 Kilometre Long Winnipeg Fargo the study said about million tonnes of freight moved through the corridor in equally split Between trucking and along the it found higher Levels of Carbon Mono Carbon nitrogen oxides and particulate the purpose of yesterdays work shop was to give Indus try and environmental experts from All three Naftal trading partners a Chance to discuss the findings of the Ancec study and to propose solutions Ken Oil form Winnipeg free press increased truck traffic on five of North americas major Trade routes is increasing air pollution to this growing environmental prob a second on Day session was scheduled for today to allow the Naces joint Public advisory committee to discuss the issues further and to obtain Public former Canadian foreign affairs minister Lloyd in the keynote address talked of the need for government and Industry to take Steps now to reduce truck and train emissions because the volume of traffic along the Trade routes is Only going to get heavier As time goes the Ancec study noted Trade Between Canada and the United states has nearly doubled to about Bil lion per year since Naftal came into effect in while Trade Between Canada and Mexico has increased More than twofold to about Bil it also forecasts escalating Trade vol saying they Are expected to Dou ble or even quadruple Over the next 20 measures the former Winnipeg my who left politics last year to become director of the University of British columbian Liu Centre for the study of global said there Are a variety of measures governments and Indus try can take to reduce emission lets use new lets Cut Down on the wrong kinds of lets make our highways he said in an interview following his workshop it can be he the technologies Are other options raised in the Ancec study include expanding the use of longer combination vehicles trucks pulling two or More reducing delays at Border Crossings and cutting Down on the number of empty trucks travelling along the Trade Barry director of the University of Manitoba transport inst and Axworthy noted that regulatory and legislative changes in both Canada and the United states will be required before some of these alter Nate measures can be Prentice predicted the rail and truck ing industries would support Many of the measures aimed at reducing air pollution Levels if governments provide them with the proper regulatory environment in which to Small businesses launch projects in Caber Village it incubator planned for downtown by Linda Rosborough therean Dahal years Tricia Kell and her family were coming to grips with an Accident that left her husband seriously through Kell was inspired to Start a business that would allow her to draw upon her hard won household and Money management we had to make ends Kell said following the announce ment that she would be part of the new Caber Village Pilot project for Small Busi Ness with came All the ideas for the Kells fledgling is to be an on line resource for financial and Home management and consumer there Are so Many people who ask How do you do Kell referring to the challenges she and her one of the big things its done is were new Raymond Belisle of an internet marketing company family have the More people the More i thought there is a need for Kells new company is one of three seer technologies and play count Are the others to be part of the incubation Pilot a pro Gram of smart mayor Glen Murray announced the participants yesterday at City the Pilot project represents the first phase of the larger Caber Village Centre an information technology it sector Busi Ness incubator designed to Spur economic growth through private Industry the entrepreneurs will get help with strategic and business plan management consult ing and smart an Agency devoted to the cites it will test the business incubator curriculum during the Pilot its expect Mike Aporius Winnipeg free press and Andrusiak Chat after their businesses were announced As part of the Caber Village Pilot projected that More new startups will be added As the Caber Village Centre plan Raymond Belisle said he and his Busi Ness Michael would be plodding ahead with play count an internet marketing com even if they haunt earned a spot in the Pilot Belisle he anticipates benefits from their one of the big things its done is Val were he there was also the Opportunity to tap into exper Tise neither of us had to any great but is integral to starting a Small the third seer tech is the More established Busi Ness of the Len Andrusiak and Lucas kandia started their internet con network administration and technology integration business about a year Luke and i have always had entrepreneurial blood flowing through our Andrusiak some people might find it we find it exciting and Kells has made a miraculous recovery from the broken neck and crushed Pelvis he suffered in a truck but he is still in re Habil having a Home based business is Ideal for their family she its in its Kell said of her three week old but in Start ing to Stock groups fell and the paper and forestry sector was the financial services group was the biggest up per while the Gold and precious minerals group was the biggest off per yesterdays slim gains on Wall Street followed a positive session in in which stocks finished up per economic instability in where the government admitted the country is in a state of sent shares skid Ding around the world financial stocks traded sharply higher after falling hard wednesday As investors worried about japans eco nomic Canadian press using All tax credits ensures a full return its time to think seriously about filing your tax so we will run a couple of articles Over the next four weeks to help boost your today topic is sharing tax cred to make sure nothing goes to tax credits reduce the amount of income tax you Only a few cred its Are what Are called refund David Christianson which Means the government will give you Money Back even though you Are pay ing no income most credits Are meaning the credit can reduce your tax to but not if you have a spouse or dependant who is paying no income its possible that they have tax credits that would be unless they share them with education and tuition credits Are the most pos secondary Stu dents who dont fully utilize the credit can Transfer education and tuition credits to a supporting Parent or if your dependant or spouse cant fully utilize the Transfer it to your both the age credit for those 65 or better and the pension credit on the first of pension or Trif income Are transferable Between if the transferor has no tax to with old age Security and cup its unusual that a spouse will have no tax to but it does the dividend tax credit is often but can present some Good opportunities for when Ever you collect dividends on stocks or Stock Mutual you also receive a dividend tax credit to partly offset the taxes continued please see tax b6 open May Cut Oil trigger global recession by Bruce Stanley Vienna amid worsening signs of a global economic several open Oil ministers said yesterday they want to trim their production target for crude by at least two per or barrels a to prevent an oversupply and a possible plunge in open president Chakib speak ing ahead of today planned meeting of Cartel suggested the Cut could be As Large As million prompting one analyst to warn such a drastic reduction could trigger a global open would be cutting its own said Energy consultant Falah Alj Bury of members of the organization of Petroleum exporting countries seemed Bent on scaling Back their production ahead of a seasonal springtime slowdown in demand for heating Oil and continued please see Opic b6 ;